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In poker, a PKO (Progressive Knockout) tournament is a type of tournament where a portion of the buy-in goes toward a bounty on each player’s head.
In PKO tournaments, when a player eliminates another player, they typically receive a cash prize for half of the eliminated player’s bounty. The remaining half of the bounty is added to their own head for other players to try to claim. When two or more players win in a split pot the bounty is divided equally across all winners. Note, some sites such as Pokerstars run PKO tournaments where ⅔ or even the full prize pool are dedicated to bounty prizes. For the purposes of this article, we will only be looking at the standard 50% bounty prize pool.
The effects of bounties create an added layer of strategy! PKO tournaments tend to have more action as players are incentivized to knock out their opponents to earn bounties rather than just trying to survive and advance in the tournament. This format also encourages players with a chip advantage to play aggressively against shorter stacks as they can earn additional EV outside of the chips in play.
Brick and mortar casinos have a designated dealer who is paid by
the casino. The dealer deals the cards, makes sure players stick to the rules, and
provides other services such as assisting with chip counts and monitoring the size of
the pot.
When poker is played at home, it’s rare that a player is assigned designated
